April 26, 2016 Press Release
World Bank Raises 2016 Oil Price Forecast, Revises Down Agriculture Price Projections
WASHINGTON, April 26, 2016— Amid improving market sentiment and a weakening dollar, the World Bank is raising its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest Commodity Markets Outlook, as an oversupply in markets is expected to recede.